There is a big flaw with regards to the property taxes nowadays.
Recent studies have shown that most of the real estate has been judged unfairly by the office of the tax assessor. This has a direct impact on the amount of property tax that is levied. However, the shocking thing is that people don’t even appeal to this, although most of the people who submit their claims, have been able to reduce the property taxes that they owe. That is why it is quintessential that you remain vigilant regarding your tax card, and point out any discrepancies that you observe.
Do you think that your property has been over assessed?
If at any point you feel that your property has been over assessed, then you must start your own investigation right away. Consult your local tax office and attain information regarding the property taxes that are levied on other houses in your area. You can then compare the results and draw your own conclusions. If there is sufficient information to support your claim, then you can file a formal complaint. If your case proves to be successful, then you can save a significant amount of money each year. However, it is important to note that not everyone can have the same amount of tax reductions.
There are a number of factors that come into play such as the local tax rate, the assessed value of the property and the value of the neighborhood.
The process of getting reductions in property taxes is a fairly simple one, but there is a need to understand all the steps first before you proceed. Many people do not know what is required of them when they present their cases and hence as a result are not successful in getting what they want. Therefore, you need to be well prepared beforehand. Collect as much evidence as you can and build up a solid case.
Have a report ready that contains information regarding the property taxes levied on other similar houses in your area. Having a solid foundation almost guarantees that you will win your claim and get property tax reductions.
The process for filing a complaint
If you believe that your property has been over assessed, then there is a way through which you can start the remedial process. First of all, you need to acquire your tax assessment report. As a tax payer, it is your right to have access to this information, and it can be attained by writing an application to the local tax office. The rules are that a person can file for a complaint within the 45 after he/she has received a notification. If, however, there has been no notification, then the concerned party can file for reassessment.
But the rules state that this should be done before the 10th of May of the current year otherwise you will not be allowed to present your case.
Once you have claimed an appeal, the next step is to build up your case.
And that is collecting evidence to support your claim. There are a number of things that you can pursue such as sale price of houses in your area, property tax levied on houses similar to yours and duty appraisals. All these documentations will help you in proving that your property has been over assessed should that be the case. Once the board has reviewed all the evidence and is convinced that your claim is legitimate, they will order for the reassessment of your property.
Most of the times, it would be to your benefit to consult an expert regarding your case. These people are well versed and will help you in collecting concrete evidence. They also have sound knowledge of the local market and would put in their best to help you out in any way they can. Therefore, consulting an expert solicitor is imperative for a successful appeal.
In Florida, August is the month of Appeal to request Property Tax Appeal. Via mail the owners receive the notification for the annual payment of such taxes and the window of opportunity for those who wish to claim adjustment closes fast, for that reason should be alert given that the deadline expires on August 31.
Tax notification includes information on how to file the petition with the Local Adjustment Board, which generally extends the deadline through September, however, you should be very aware of the date. The Value Adjustment Board (VAB) includes three values: market, cadastral and tax; Contributors can appeal to the market value if they consider that their valuation is very high and if they achieve a positive result in the VAB hearing the taxes of their property can be lowered.
Either way the GAB must receive a hearing request by the deadline set forth in the notice to ensure an administrative appeal, otherwise it will not be considered. Application forms are one page and can be obtained from the Florida Department of Revenue, the Value Adjustment Board (VAB) of any county, or the county property appraiser’s office.
Some rules for homeowners you want to appeal:
1.- You must make the requests generally separately, each property requiring your identification number (folio number) preferably.
2.- Fees will be charged for being $ 15 the maximum allowed to the GVA for each request.
3.- Contributors can submit their applications personally, also their agents or lawyers can represent them. The forms of request include requirements for those who represent the owner against the GVA.
4.- Requests must include the name of the applicant (owner / tax), the property identification number (folio number), address of the property, address of the applicant (if different), notarized signatures, times required And mark all required information points or certain conditions.
Some appraisers are appellation specialists for property tax relief because they are dedicated to this practice and in some cases it is advisable to use their services because they have great experience in that arduous task.
Commercial Property Services (CPS), a Florida-based firm specializing in appeals, recommends that claimants file property registration cards that can assist in the appeal, because in some cases such cards contain information that identifies the method used by the Authorities to define the tax applied, as well as the costs of calculation.